Alternative Fuel

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Abstract

The feasibility of adding AFVs (alternative fuel vehicles) to the Lotus Rental Car fleet is examined in the attached research. The advantages and disadvantages of AFVs were analyzed. In addition, the environmental effect of AFV use on future generations is also discussed. By comparing the overall information and data of AFVs vs. petroleum-fueled vehicles, and researching how other fleets have successfully incorporated AFVs, the result is conclusive evidence that the addition of AFVs to the Lotus fleet is a viable course of action for the future of Lotus.

The Feasibility of Adding Alternative-Fuel Vehicles
To the Lotus Rental Car Fleet
In the competitive business environment most organizations are facing today, there is an ever-increasing need to find ways to lower costs, improve efficiencies, and improve customer satisfaction. The Lotus Rental Car Company is not different from other businesses in that respect. Currently, the Lotus Rental Car management is considering the addition of alternative-fuel vehicles (AFVs) to its fleet as one cost-cutting technique. Adding alternative-fuel vehicles to the Lotus fleet may seem like a good idea up front, but before the company proceeds with this initiative, the Chief Financial Officer (CFO) requested more information and research to determine if this is a feasible option for the company.
This research paper will provide information that will enable the CFO to make a decision on this venture. We will define alternative-fuel vehicles and we will compare and contrast the feasibility of the different types of alternative fuels that are currently available. In addition, we will explore the benefits of using AFVs. We will also examine how AFVs directly affect the environment, and we will provide some real-world examples of rental fleets that have already moved to alternative-fuel vehicles. The results provided will enable the Lotus CFO to make a more educated decision concerning the addition of alternative-fuel vehicles to the fleet.
Before the decision is made to add alternative-fuel vehicles to the Lotus fleet, we need to determine if AFVs truly are a feasible option. We must first acquire an understanding of alternative-fuel vehicles. As discovered in our research, there are currently a wide variety of alternative-fuel vehicles being used today. Alternative-fuel v...

... middle of paper ...

... Buyer’s Guide for Fleets. Retrieved May 24, 2005 from http://www.eere.energy.gov/cleancities/vbg/fleets/progs/success_ddown.cgi?3 U.S Department of Energy. (n.d.) Frequently Asked Questions about Alternative Fuels.
Alternative Fuels Data Center. Retrieved May 25, 2005 from http://www.eere.energy.gov/afdc/progs/display_all_faq.cgi?afdc U.S. Department of Energy. (n.d.) Reasons to Buy Alternative-Fuel Vehicles. Vehicle
Buyers Guide for Fleets. Retrieved May 25, 2005 from http://www.eere.energy.gov/cleancities/vbg/fleets/about_buying.html U.S. Department of Energy. (n.d.) What is the Energy Policy Act of 1992(EPAct)?
Retrieved May 25, 2005 from http://www.eere.energy.gov/cleancities/vbg/whatis_epact.shtml

Triangle Clean Cities Coalition. (n.d.) Fueling Alternative Choices Today. Success
Stories. Retrieved May 29, 2005, from
http://www.trianglecleancities.org/success.htm#doamfm

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